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Beijing Urban Construction Reports 16.44% Revenue Decline for 2024

Story Highlights
  • The company focuses on urban construction projects, offering design, survey, consultancy, and construction contracting services.
  • Beijing Urban Construction’s 2024 revenue decreased by 16.44% to RMB8,658 million, with a net profit of RMB533 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Beijing Urban Construction Reports 16.44% Revenue Decline for 2024

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An update from Beijing Urban Construction Design & Development Grp Co., Ltd Class H ( (HK:1599) ) is now available.

Beijing Urban Construction Design & Development Group Co., Ltd reported its financial results for the year ended December 31, 2024, showing a revenue of RMB8,658 million, which marks a 16.44% decrease from the previous year. The company’s net profit for the period was RMB533 million. The decline in revenue was attributed to reduced performance in both its design, survey, and consultancy segment and its construction contracting segment, impacting its overall financial standing.

More about Beijing Urban Construction Design & Development Grp Co., Ltd Class H

Beijing Urban Construction Design & Development Group Co., Ltd is a joint stock company based in China, primarily engaged in the design, survey, and consultancy sector, as well as construction contracting. The company focuses on urban construction projects, providing comprehensive services in these areas.

YTD Price Performance: -17.78%

Average Trading Volume: 655

Technical Sentiment Signal: Buy

Current Market Cap: €225M

Find detailed analytics on 1599 stock on TipRanks’ Stock Analysis page.

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